Taxation on Short Term Capital Gains | STCG Tax Rate 20% [Examples]
Taxation on short term capital gains is very simple. STCG tax rate=15% on shares or equity mutual funds. Also adjust STCG against your basic exemption limit
Taxation on short term capital gains is very simple. STCG tax rate=15% on shares or equity mutual funds. Also adjust STCG against your basic exemption limit
Deductions in 80C include, PPF, Provident Fund, Life insurance premiums, ELSS, children’s tuition fees, etc. Claim Rs 1.5 Lacs in 80C and Rs. 50,000 in 80CCD(1B)
Download Income Tax Calculator for FY 2022-23 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
Download Income Tax Calculator for FY 2021-22 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
How can you calculate income tax? Example – If income is 8 Lacs, with Old Tax Regime, you belong to 20% tax bracket and New Tax Regime – 15% Tax Bracket.
Income Tax Calculation 2022-23.. For example if your income is Rs. 8 Lacs in FY 2022-23, so Income Tax based on Old Tax Regime = Rs. 75,400 and New Tax Regime = Rs. 46,800..
How to Calculate Income Tax on Salary.. After adding above taxes = Rs. 95,000, 4% cess is applicable which is Rs. 3800. You total income tax = Rs. 98,800 considering taxable income of Rs. 11 Lacs
How to Calculate Income Tax in FY 2021-22 on Salary is one of the most asked questions and you’ll find an Excel Calculator in this article to download and make your life easy